?????????????,??

????:????:??????????

??/???

????????,?????????????????????????

2024????,??????????????????????????????????,??????????????

01:??????????????“??”

???????????????,??????????????,????,???,?????????

?????,??????????????5??,????15%,??????????????????2019???????“3????”(??4%)????????????????????,2024??180??????360????

?????????:????????????2022??(???????????????)??100????????,??????22??????????????

?????,??????????????????“??”??????????,??????????????,????????“???????????????????????????????????”?????

??,????????????????????????????????“?????????”???????????????,?????

02:???

6???????????????????,??????????????????????????????,6??,????????????????,????????????30??????????1335???????????????????,???????17%,?????52%;???,??????????????????????35%???????????????

?????????????????????????,6???,22??,??,??,??????,??40%???????????;???????????????????????????????????????????????,??????10%????????????????,6???????????????2.6???????,????;?????1.5?????????

????????,??????????,????????“????????”??????????????,????????“BBB+”??“A-”,???????“BBB+”????“A-”?

03:???????????

??20?????,????????????????“??????????????????????????”??,??????????????????????????“??”??????????????????????????????????????……?,?“???”??????????“?”??????????

??,??????

??,??,?????????????,???????;?????????,??????????????,???

???

??,????????“????”?????????,???????;??????????????????????????????????????????????2018?????2023????,??8.9%?????????????26.5%?

????????????????????,?????????,??,??????,??????????????“????”? ??:??????